2316 La Linda Open House Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92660
OPEN HOUSE
Fri Nov 07, 10:00am - 5:00pm Sat Nov 08, 10:00am - 5:00pm Sun Nov 09, 10:00am - 5:00pm
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,314 sqft
Price per Sqft $1,436
MLS Listing ID CRLG25251367
Year Built 1965
Lot Size 8,100 Sqft
Property Sub-Type OTHER
Property Description
Turn-key, newly renovated 2,214 sq ft single-family home on a huge 8,100 sq ft flat, rectangular cul-de-sac lot in prime Newport Beach-cash-flow on day one with multiple value-add exits. Major capital items are DONE: new plumbing, new roof, new central A/C, dual-pane windows & doors, new kitchen, two heavily renovated baths + one renovated, new LVP floors, extensive recessed lighting, fresh interior & exterior paint, and a drywalled/finished garage with epoxy flooring. Bright, airy layout with 3 bedrooms downstairs plus a large upstairs bonus room currently used as a legal second primary suite. A giant backyard anchors the quiet cul-de-sac location-ideal for outdoor living and future expansion. Income & Upside: Long-term lease potential in the $12,000–$15,000/month range; mid-term furnished (3–6 months) targets $25,000/month for executive/relocation stays. ADU potential adds another cash-flow lever, with a backyard ADU concept at $200,000 generating $4,000/month in additional rent. Two proven value-add plays: (1) Add Square Footage (RTI): City-approved, shovel-ready plans to add ~1,000–1,200 sq ft; modeled ROI 45% and $1.0–$2.0M target profit (current underwriting upside $1.9M). (2) Scrape & Build New: Pursue a 6,000 sq ft custom (guidelines allow up to 8,500 sq ft). Area
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air,Other,ENERGY STAR Qualified Equipment
Flooring Vinyl
Laundry In Garage
Building
Lot Description Cul-De-Sac,Level,Other,Back Yard,Front Yard,Landscaped